FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.
12/21/17 Closing Prices:
Bitcoin: $15,782.03 (-$1035.35) Gold: $1,268 (+$3) Dow Jones Industrials: 24,782.29 (+55.64) S&P 500: 2,684.57 (+5.32) Nasdaq Composite: 6,965.36 (+4.40)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 12/21/2017
- BITCOIN backing farther away from the $20K peak. Looks like that was a top.
- New futures on bitcoin have created a new breed of sellers
- Bitcoin hype and media fanaticism made market way to frothy
- Selling may continue into year end. $12,000 to $13,000 strong possibility
- $20K may prove to be the top for quite a while
- GOLD firming up nicely. Move back to $1,295-$1,300 looks good
- Bitcoin (crypto) traders may begin to move back into gold
- Gold is under owned and under loved. Don’t be short gold
- LONG TERM BULLISH ON BITCOIN AND GOLD
CURRENT TRADING POSITION: Long GOLD
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries on Bitcoin vs Gold here